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Mergers & Acquisitions

AM FRESH Group to acquire IFG and merge it with SNFL

SNFL’s and IFG’s combined innovation platforms will accelerate the growth of flavorful, sustainable and healthier table grape and cherry varieties

March 8, 2022

AM FRESH Group and Special New Fruit Licensing (SNFL) announced a definitive agreement under which AM FRESH is acquiring International Fruit Genetics (IFG) and merging it with SNFL.

Lettuce wraps using Finless Foods’ plant-based tuna. (Photo: Business Wire)

Alternate Proteins

Finless Foods to launch plant-based tuna in 2022, complete construction of cell-cultured tuna pilot plant

Founded on the vision of producing alternative seafood for a thriving ocean, Finless lands a strategic partner to translate vision into reality

March 8, 2022

Finless Foods, said to be the first cell-cultured seafood company as well as the first to serve cell-cultured fish in the U.S., announced the closing of its Series B funding totaling $34M led by Hanwha Solutions.

Manufacturing News

People and Industry News: March 2022

March 8, 2022

The people, companies and facilities making headlines.

Manufacturing News

Plant Openings & Expansions: March 2022

March 8, 2022

Plant openings and expansions in food and beverage manufacturing.

Hostess Brands snack foods include Donettes, Twinkies, CupCakes and Ding Dongs, as well as Voortman cookies and wafers

Plant Openings

Hostess Brands to open state-of-the-art bakery in Arkadelphia, Arkansas

Operational in 2023, the facility will bring 150 new jobs to the community

March 7, 2022

Hostess Brands Inc., a sweet snacks company, will convert an idled factory in Arkadelphia, Arkansas, into a state-of-the-art bakery. The bakery is expected to be operational in the second half of 2023 and bring approximately 150 new jobs to the community over the next three years.

Packaging Report

Westrock and Grupo Modelo partner on sustainable can collar

March 7, 2022

In a partnership with WestRock and Grupo Gondi, Grupo Modelo is investing roughly $4 million in the sustainable, fiber-based CanCollar Eco solution in Quintana Roo, a Mexican state on the Yucatan Peninsula.

Regulatory Watch

IFSAC announces priorities for 2022-2023

March 7, 2022

The Interagency Food Safety Analytics Collaboration (IFSAC)—a collaboration between the CDC, FDA and FSIS—has published its priorities for this year and next.

Manufacturing News

Federal government needs to set an example on cybersecurity

Government Accountability Office says federal agencies need to do their own homework before they can help the private sector

Wayne Labs

March 7, 2022

While food and beverage processors have been scrambling to protect their process control equipment, intellectual property (IP) and IT/OT systems from cybersecurity/ransomware attacks, their efforts may be outpacing the Federal Government, which should be setting an example by having secured its own agencies from cyberattacks.

Mergers & Acquisitions

Dot Foods acquires Morsum, an AI/ML food platform technology company

The merger will help Dot’s suppliers be more responsive to supply chain issues when they arise

Wayne Labs

March 6, 2022

Dot Foods, Inc., said to be North America’s largest food industry redistributor, has acquired Morsum, a food industry data and AI platform technology company.

Packaging Report

Corrugated box market worth $80.8 bn. by 2026

March 5, 2022

According to a report by research firm MarketsandMarkets, the global Corrugated Box Market size was estimated at US $67.6 billion in 2021 and is projected to reach $80.8 billion by 2026, at a CAGR of 3.6%.

On Demand Kelley Rodriguez, Editor in Chief of Refrigerated & Frozen Foods, will be joined in this 60-minute webinar by industry experts to help unpack the latest research.

On Demand Driven by climate goals, business risk, client interest, and resilience considerations, food and beverage companies are increasingly turning their attention to decarbonizing their production processes.